The Bangko Sentral ng Pilipinas (BSP) has approved regulatory relief measures to help borrowers affected by the ongoing fuel crisis linked to Middle East tensions.
These include temporary grace periods of up to six months for loan payments and up to one year for agricultural loan deferments, subject to bank assessment.
Loans of affected borrowers may also be excluded from past due and non-performing classifications for up to a year, with financial institutions required to apply the measures prudently.
The BSP also urged banks to suspend certain fees on digital transactions to ease public access to financial services during the emergency.
The measures come as rising global oil prices drive inflation and increase the cost of basic goods in the Philippines.
Source: PhilNews24 | April 16, 2026
BSP PERMITS LOAN PAYMENT DEFERRALS AMID MIDDLE EAST CRISIS
Latest from News
The PNP, BJMP, and BFP have backed proposals to raise the compulsory retirement age of their
The Bureau of Immigration and the Civil Aviation Authority of the Philippines will deploy additional personnel
The Department of Public Works and Highways (DPWH) is accelerating the construction and repair of a
The Manila Police District announced that several roads, including Blumentritt Road, Dimasalang and Maceda Streets, and
The Department of Transportation (DOTr) said 100 local and international companies have expressed interest in investing